Posted To: Pipeline Press

Big picture, in case you haven’t been paying attention, the National Bureau of Economic Research confirmed that the U.S. economy has slowed: The economy hit its peak in February and has since fallen into a downturn as the unforeseen pandemic caused shutdowns and brought an end to the 128 month record-long expansion. In the weeds, down at the loan-level, are we far away from the ability to scan a borrower’s face so they can instantly borrow money to buy a house? It sure sounds “Big Brotherish” to me, but Idemia , a French company that specializes in facial recognition, fingerprinting and iris resolution, has won a new European Union contract that will have it process images linked to the identities of 400 million people. This is part of the Shared Biometric Matching System…(read more)

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Source: Mortgage News Daily